Reinsurance Contract Specialist

2 days ago

Gurgaon, Haryana, India beBeeReinsurance Full time ₹ 1,50,000 - ₹ 28,00,000

Job Overview:

We are seeking an experienced professional to manage the processing of reinsurance contracts, recoveries, and facultative claims. The successful candidate will be responsible for ensuring that all relevant systems are updated accurately and efficiently.

Key Responsibilities:

  • Process treaty contract setups in multiple systems.
  • Process reinsurance recoveries in multiple systems.
  • Process facultative reinsurance contract set ups according to process guidelines.
  • Ensure collections/advices are issued promptly to relevant parties.
  • Respond to broker queries and collaborate with Ceded Technical accounting.
  • Assist in data collection and adhoc processing exercises arising from time to time.
  • Request test bordereaux, review them, and obtain signoffs before requesting live bordereaux.
  • Prepare QS RI statement of accounts and update QS trackers.
  • Have a good understanding of recoveries of facultative and treaty proportional contract recoveries processing.
  • Respond on CRA DQ report for facultative recoveries accuracy of bordereaux to be sent to reinsurers.
  • Identify own and individual team members training requirements to enable effective job completion.

Requirements:

  • Bachelor's degree or equivalent experience and preferably professional Reinsurance certifications.
  • Relevant years of experience within a reinsurance claim processing underwriting support role.
  • Proficiency in excel and knowledge of source systems i.e., Genius, the Frame and ProCede.
  • Good communication skills.

Benefits:

  • Demonstrate integrity, communication, flexibility, problem-solving, and outcome orientation at an intermediate level.
  • Education: B.Tech/B.E. in Any Specialization or Any Postgraduate.

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